Ottawa Business Journal - Canada - World

Article

Print
Send to a friend
Comment (0)

Genesys sale boosts Alcatel-Lucent Q1 profit

(Stock image)

Published on April 27, 2012; Published on April 27, 2012
The Associated Press ~ staff OBJ

Alcatel-Lucent says the sale of its Genesys conference calling business helped it turn a profit in the first quarter, but warned that its profitability was disappointing and market uncertainties are high.

Topics :: Alcatel-Lucent , Genesys , Ottawa , North America

The Franco-American telecommunications equipment maker, which has a presence in Ottawa, posted net profit of C398 million (US$526 million) in the January to March quarter, compared to a C10 million loss a year earlier.

The Paris-based company says the capital gain on its sale of Genesys in February to private equity investor Permira Advisers took it into the black for the quarter.

In a statement Thursday Alcatel-Lucent said underlying profitability was hammered by a double-digit decline in sales of optics and wireless equipment, as well as a steep drop in sales in North America.

Rate
Top of the page

Submit a comment

Submit a comment Your name* Email* (we keep all emails private) Write your comment here*

Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.